Intel set to build new €80 billion semiconductor mega-plant in east German city

Magdeburg beat competition from Dresden and Bavaria to secure the facility, which will create 10,000 new jobs

Intel plans to build two ‘mega-fab’ semiconductor plants in the east German city of Magdeburg

Intel, the US microchip giant, is set to announce plans to locate its new multibillion-euro European semiconductor facility in the German city of Magdeburg.

As part of an €80 billion investment, the company plans to build two foundry plants, or what are known as “mega-fab” semiconductor plants, in the east German city over the coming years as it seeks to gain back market share in the global chip market.

Citing sources close to the US ...